Read the following email, which Jim sent to his team. Then choose the answer below that best explains what is wrong with the ema
1 answer:
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Answer:
d) 1.32
Explanation:
The quick ratio uses only the most liquid current assets.
cash 48,000
AR 130,000
Short Term receivable 150,000
<em>Total 328,000</em>
<em><u>Important:</u></em> Sometimes it is enought by subtracting inventory from current assets
Current liabilities
account payable 230,000
short-term notes payable 10,000
unearned revenue 8,000
<em>Total 248,000</em>
<em>Quick Ratio</em>
Answer:
a) 406200000
b) 7500000 and 5.36%
c) 0.7
Explanation:
please find the attached file
